XRP/USD is rangebound, unchanged on the day. Another private investor files lawsuit against Ripple. Ripple Labs faces another lawsuit, the third in recent months. According to the suit the company and its CEO has been running and distributing illegal security issuance and promoting XRP cryptocurrency with the aim to increase its value. “XRP offered and sold by defendants had all the traditional landmarks of a security, yet defendants failed to register them as such. The purchase of XRP constitutes an investment contract as XRP purchasers, including plaintiff, provided consideration (in the form of fiat such as US Dollars and other currencies)in exchange of XRP,” according to the lawsuit. The market’ reaction is muted so far as XRP/USD is trading at $0.4888, mostly unchanged on daily basis. The coin peaked on Tuesday at $0.52, where fresh selling orders appeared. From the technical point of view, the local support comes at $0.4863 (100-SMA, 4-hour chart). If it is cleared, the sell-off may be extended towards $0.4700, strengthened by 50-SMA at $0.4690. On the upside, the first resistance is produced by at $0.4900, followed by $0.5000. XRP/USD, 4-hour chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next USD: Defused near term upside potential – Westpac FX Street 3 years XRP/USD is rangebound, unchanged on the day. Another private investor files lawsuit against Ripple. Ripple Labs faces another lawsuit, the third in recent months. According to the suit the company and its CEO has been running and distributing illegal security issuance and promoting XRP cryptocurrency with the aim to increase its value. "XRP offered and sold by defendants had all the traditional landmarks of a security, yet defendants failed to register them as such. The purchase of XRP constitutes an investment contract as XRP purchasers, including plaintiff, provided consideration (in the form of fiat such as US Dollars and other… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
